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Berkshire Hathaway 2nd-qtr profit falls 37 pctFri, Aug 7, 2015, 6:53pm EDT - US Markets are closed

 

 

Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and weaker results in its insurance operations.

Net income for the Omaha, Nebraska-based insurance and investment company fell to $4.01 billion, or $2,442 per share, from $6.4 billion, or $3,889 per share, a year earlier.

Quarterly operating profit fell 10 percent to $3.89 billion, or $2,367 per share, from $4.33 billion, or $2,634 per share.

(Reporting by Jonathan Stempel in New York)

finance.yahoo.com